Corporate ActionJul 7, 2026, 03:56 PM
FST Corp. to Offer Up to $10.4M in Shares via ATM Agreement
AI Summary
FST Corp. has entered into an At The Market Offering Agreement with H.C. Wainwright & Co., LLC, allowing the company to offer and sell up to $10.4 million in ordinary shares. Sales will occur as "at the market offerings" on the Nasdaq Global Market or other trading markets, with the sales agent receiving up to 3.0% compensation. The company is not obligated to sell any shares. Additionally, FST Corp. filed a corrected prospectus supplement on July 6, 2026, to amend and supersede a previously filed one.
Key Highlights
- FST Corp. entered into an At The Market Offering Agreement on July 6, 2026.
- The agreement is with H.C. Wainwright & Co., LLC as the sales agent.
- Company may offer and sell ordinary shares with an aggregate offering price of up to $10,400,000.
- Sales will be made as "at the market offerings" on the Nasdaq Global Market or other trading markets.
- The sales agent, H.C. Wainwright & Co., LLC, will receive compensation of up to 3.0% of gross sales.
- The company is not obligated to sell any shares under the agreement.
- A corrected prospectus supplement was filed on July 6, 2026, superseding an inadvertently filed one.
Price Impact
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